Annual Value of the property self-occupied or vacant
Presently,
annual value of the property shall be taken to be NIL if it is occupied by the owner for his own
residence or if he cannot reside therein due to reasons of his business /
profession / employment.
To relax these restrictions, it is now proposed
that income from a house property would be considered as nil even if the
owner cannot occupy it for any reason.
It has been amended to any reason from the
present conditions of non-occupancy of employment
